Calcium Nitrate Market Trends, Industry Analysis, Demand, Growth, Size, Share and Forecast 2021-2026
The global calcium nitrate market exhibited stable growth during 2015-2020. The market to grow at a CAGR of 3.5% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, May 8, 2022 /EINPresswire.com/ — According to IMARC Group latest report titled “Calcium Nitrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on calcium nitrate market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market exhibited stable growth during 2015-2020. The global calcium nitrate market to grow at a CAGR of 3.5% during 2021-2026.
Calcium nitrate [Ca(NO3)2] refers to a colorless crystalline oxidant that is obtained by applying nitric acid to ammonia and limestone. Also known as Norges Salpeter (Norwegian saltpeter), it absorbs moisture from the air and is found as an anhydrous or tetrahydrate compound. Calcium nitrate is an essential component used in the manufacturing of fireworks, matchsticks, fertilizers, explosives, etc. It is also utilized in wastewater treatment to suppress odor formation in sewer networks and municipal wastewater. Calcium nitrate helps in enhancing the storage life and disease resistance of fruits and aids in the cell formation, growth, and development of leaves.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The growing demand for agrochemicals and fertilizers in the agriculture sector represents one of the key factors driving the calcium nitrate market. It aids in elongation and root growth, protects the plants from stress-induced cell damage, functions as an antioxidant, etc. Furthermore, calcium nitrate forms amino acid for photosynthesis and is suitable for several plants, such as apple, tomato, pepper, etc. It is also a source of nitrate and calcium in hydroponics, which is fueling the product demand. Additionally, the governments of numerous countries are implementing stringent regulations water for improving water and wastewater treatment procedures, which utilize calcium nitrate to reduce the amount of hydrogen sulfide. This, in turn, is anticipated to bolster the market growth in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• GFS Chemicals Inc
• Haifa Group
• Nutrien Ltd.
• ProChem Inc
• Rural Liquid Fertilisers
• Shanxi Jiaocheng Tianlong Chemical Industry Co. Ltd.
• Shanxi Leixin Chemical Co. Ltd
• Sterling Chemicals (Eastman Chemical Company)
• Van Iperen International
• Wego Chemical Group
• Yara International ASA
Calcium Nitrate Market Segmentation:
Our report has categorized the market based on region, form and application.
Breakup by Form:
Breakup by Application:
• Concrete and Mortars
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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